In this episode: FI versus FIRE, coast FI, lean FI, tools for FI, the skill of spending, dying with zero, and prioritizing health.

This week we are joined by our friend and host of the “All the Hacks” podcast, Chris Hutchins to discuss the “spectrum” of FI, and all that falls in between. From the evolution of FI over the years, to the changes we’ve made on our respective journeys, and even differentiating terms such as FI versus FIRE and Coast FI, we cover it all! We also found some time to share some tools and resources that can be beneficial to you and your FI journey. While the path to FI allows you to take control of your financials and future, this journey can usher in so many new perspectives and changes that affect all areas of your life! Allowing yourself flexibility and remembering that what you are working towards isn’t just a number or early retirement, but rather a more fulfilling life!

Chris Hutchins:

Podcast: All The Hacks
Newsletter: All The Hacks Newsletter

Timestamps:

1:16 - Introduction
3:19 - FI Versus FIRE
10:11 - Lean FI
17:11 - Coast FI
30:20 - Tools for Tracking FI
41:48 - Optimizing Accounts
47:56 - The Skill of Spending and Dying With Zero
60:12 - Prioritizing Health
70:01 - Conclusion

Resources Mentioned In Today’s Episode:

Silicon Valley FI | Chris Hutchins | Grove | ChooseFI Ep. 71
Financial Independence Without a Six Figure Salary
Reflecting on All the Hacks, Valuing Time and Focusing on the Year Ahead
Early Retirement Now Safe Withdrawal Rates Series
Copilot
Kubera
ProjectionLab
Die With Zero: Net Fulfillment Over Net Worth
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More Helpful Links and FI Resources:

Top 10 Recommended Travel Rewards Credit Cards
Empower: Free Dashboard to Track Your Finances
CIT Bank Platinum Savings Account
M1 Finance: Commission-Free Investing, 1-click rebalancing
CashFreely: Maximize Your Cash Back Rewards
Travel Freely: Track all your rewards cards and points
Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
Student Loan Planner: Custom Consult (with $100 Discount)

470 | The Spectrum of Financial Independence | Chris Hutchins

ChooseFI | Financial Independence Podcast